The UK Competition and Markets Authority (CMA) has started the first phase of a formal probe into the proposed Sainsbury’s acquisition of Asda from Walmart.
Under its investigation, the British competition watchdog More...

Retail acquisition news : British retail giant Sainsbury’s has agreed to acquire rival UK supermarket chain Asda from Walmart in exchange of £2.975 billion in cash and a stake of 42% in the combined business.
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Retail acquisition news : British supermarket company Sainsbury’s and Walmart-owned Asda Stores are reported to be in talks over a £10 billion merger deal in a move to create the largest UK supermarket chain.
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Retail business news : Retail giant Walmart and Japanese ecommerce conglomerate Rakuten have announced a new strategic partnership to launch online grocery delivery service in Japan and for offering new eBooks and More...

Walmart has signed a deal to acquire online apparel company Bonobos for $310 million in an all-cash deal just a day after the retail acquisition news of Amazon acquisition of Whole Foods Market for $13.7 billion.
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